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Praxeology & Understanding: An Analysis of the Controversy in Austrian Economics
Posted on 2010-04-13
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More George Selgin argues that what Mises called praxeology is ultimately rooted in a conception of economic logic that is undeniable and not subject to the claims of those who would extend the idea of "subjectivism" beyond its appropriate bounds. Contrary to the claims of hyper-subjectivists, some things can be known to be apodictically certain. This monograph was originally written in 1988, in the thick of a "methodenstreit" within the Austrian School. The background here concerns the methodological claims of the so-called "radical subjectivists" who took the notion so far as to deny the very validity of universal economic laws. By asserting that the universe is "kaleidic" and that the future is "radically unknowable,": some thinkers, Selgin argues, are departing from the Misesian tradition, and have actually but inadvertantly attacked the very core of economics as a science. To thank me use this links! If you can't, use this link!
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